Wednesday, August 29, 2012

Housing News Digest, August 29

Douglas County to appeal Sterling Ranch ruling The Douglas County Board of Commissioners has voted unanimously to appeal an Aug. 22 ruling by a District Court judge overturning the board’s 2011 zoning change that paved the way for the sprawling Sterling Ranch development.

 City of Boulder may annex more land if utility formed Boulder may annex some unincorporated neighborhoods connected to its electrical system if the city decides to create a municipal energy utility, the Daily Camera reports.

Commercial construction activity jumps across Denver area New contracts for non-residential construction in the Denver-Aurora area jumped 52 percent in July compared to July 2011, McGraw-Hill Construction reported Tuesday.

 Housing Solutions Offering Home Repairs Program Housing Solutions for the Southwest is pleased to announce that the Colorado Department of Local Affairs, Division of Housing approved a request for additional funding this week for Housing Solutions to expand our low-interest loan program for homeowners in Southwest Colorado. Housing Solutions has been giving loans for home repairs in the community for 29 years. In the next grant cycle, Housing Solutions will provide loans to rehabilitate a significantly larger number of families, up to twenty-five homes. Low to moderate income individuals or families can apply. We are accepting applications immediately for the program.

 As housing recovers, apartment boom may end Rents are sky-high in most of the largest U.S. markets, and vacancies are down and still falling. Multifamily housing starts were up 30 percent in July from a year ago, according to the U.S. Commerce Department, and multifamily permits were up more than 47 percent. Supply increases are a potential risk to the multifamily sector, and high prices have caused investors to sour on the sector of late. But some say multifamily isn’t exactly heading into the woods. The fundamentals are still strong. (Read more: A tale of two housing markets: single and multi family.)